KASE increases its market attractiveness for companies planning IPO

Wednesday, 13 October 2010

In order to stimulate issuers planning IPO on KASE, the Agency of the Republic of Kazakhstan on Regulation of Activities of the Regional Financial Center of Almaty (ARA RFCA) initiated amendments to KASE internal documents. The draft of amendments # 1 to the KASE internal document "Listing Rules" has been developed by KASE jointly with ARA RFCA. The mentioned amendments became effective from August 25, 2010 and stipulate benefits on listing fees payment for companies that include their shares to the KASE official list with the purpose of IPO, provided that these companies meet the specific requirements. If they are met, shares admittance initiator is released from payment of an entry and first annual listing fees.